10 Things You Need To Know This Morning

REUTERS/Damir Sagolj Groom Roongroj Walailuk and bride Vina Wichan jump into the pond as they are chased by men dressed as pirates during a wedding ceremony ahead of Valentine's Day in Prachin Buri province, east of Bangkok February 13, 2014.

Good morning! Here's what you need to know.

Comcast, the country's largest cable company, has agreed to buy Time Warner Cable, the country's second-largest cable company, for $45 billion. The deal will face heavy government scrutiny, BI's Jay Yarow writes. "This would create the biggest pay-TV business by a mile. There's not exactly a ton of competition in the world of cable, but this would effectively make it nonexistent."

But it does explain why Janet Yellen's scheduled appearance today before the Senate banking committee has been postponed.

Retail sales unexpectedly fell 0.4% in January, and December's reading was revised down to reflect a 0.1% drop, from an initial print of a 0.2% rise. Meanwhile, initial claims jumped to 339,000 from 331,000 a week ago.At 10 a.m. we get the latest business inventories report from the Census. Economists expect them to climb by the same pace seen last month, about 5%.

The Nigerian naira plummeted the most since 2011, and to levels not seen in at least two decades, on devaluation rumors stemming from the central bank's dwindling currency reserves. "While Nigeria has become a darling of international investors in recent years, thanks to its oil revenue and demographic potential, the emerging markets turmoil has caused money to seep out of the country and spurred locals to hoard more dollars in case of a deeper devaluation – as happened in 2008," the FT says.

Indonesia's central bank left rates unchanged after a string of solid economic data, and the FT says it's a sign one of Morgan Stanley's "fragile five"emerging market countries is in better shape than feared.